Liquefied Natural Gas Limited
(ASX:LNG) has raised $174 million and received the last of the initial approvals for its Bear Head LNG Project in Nova Scotia.
The project is now the only LNG project in Eastern Canada with all of the 10 project approvals and permits in place necessary for construction.
The liquefied natural gas developer says the funds raised will be put to accelerating its North American LNG projects, including its flagship Magnolia LNG Project.
The company has also flagged the potential acquisition and development of a third LNG Project in North America.
Liquefied Natural Gas reported a net loss of $20.04 million in the first half of the 2015 financial year.
